Markets Promote Real Equality Much More Than Progressive (and Conservative) Critics Claim
A standard criticism of free markets is that markets promote inequality. It is time to debunk that false claim.
A standard criticism of free markets is that markets promote inequality. It is time to debunk that false claim.
Standard neoclassical economics texts claim a Pigouvian tax will lead to the "optimal" price and production of a good. But "optimality" is a myth.
Inflation is raging and progressives want action. What kind of action? They want to return to the 1970s regime of price controls.
The buzz in Washington is that the Fed is "fighting inflation." But this is like an arsonist fighting the fire he started.
One of Google's latest projects has been the development of LaMDA (Language Model for Dialogue Applications), an artificially intelligent chatbot generator. Alas, Google has created another "woke" monster.
Peter Schiff once joked that Obama should have appointed Bernie Madoff secretary of the Treasury. The government's easy money policies ultimately lead to Ponzi schemes.
The Mauritius government still denies Chagossians independence, continuing colonial policies.
Conventional wisdom says a country should manage its debts, but what if debt has become uncontrollable?
Anyone who doubts whether we are in a recession can stop doubting. The Fed's reverse repos show that we're headed for a crash.
The Beltway is no place for loyalty.